Steps to consider to start and grow a company. Basics are provided to help entrepreneurs. Examples may relate to Biotech, Pharma and Medical Device businesses, but the ideas apply to most technology fields.

Sunday, September 27, 2015

4 Actions help entrepreneurs avoid getting trapped

It is your choice to walk through or avoid this web!

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Spiders
create elaborate webs to trap their food.They spend long hours creating intricate patterns in places potential
prey might visit.The patterns can be
beautiful to observe, but people often do not see the web and walk through them
getting an immediate icky sensation!So,
why not look and identify webs in advance and make an effort to avoid
them.You are not likely to avoid all of
them, but the act of careful observance and planning may prevent you from using
your face as a cleaning device.

No
matter how skilled you are or well-planned your business is, problems almost
always arise.Being prepared for the
unexpected is important to exiting unpleasant situations with the best possible
outcome.Planning for all unexpected
events is not possible, but a few may be anticipated and alternatives
identified in advance.You are certain
to be totally blindsided by some events, so your ability to react efficiently
and quickly may make the difference between success and failure.

The
following list provides a few suggestions to help you:

1.Learn as
much as possible – Any route to a goal or destination may have multiple
paths to reach a successful conclusion.Sometimes, interim steps are adjustable or have alternate paths.Only by careful study and an understanding
the objectives and routes can one identify suitable alternate paths.

2.Watch the
road – It is hard to avoid a collision while texting on your phone.In short, keep your eyes on the road.In the case of business, the objectives and
end products are the final destination.The road is your route of getting there.You need both a long range and short range vision of the path and the
goals.Do not take your eyes off the
prize!

3.Plan
ahead – It is easy to see all the spider webs under ones house if the
lights are on.You can decide in advance
to avoid them or find a means of clearing them as you move through the space to
do a repair.Webs that can trap exist in
business as well.Thinking ahead and
seeking ways to avoid the problems may help you eliminate or reduce the danger
of many traps.You will still get hit
with the unexpected, but maybe you can reduce the number of unexpected events and
save energy and time.

4.Learn to
react quickly – Trouble strikes when you least expect it.What will you do?Learning to react quickly and making solid
business decisions is critical.In short,
remain Agile in your Thinking!